Soros blames Reagan for Current Collapse

http://www.bloomberg.com/apps/news?pid=20601087&sid=ay0FPxGdth_k&refer=home Yeah, I know, metalhead type post. I blame him for bringing out the worst in me! ;) Clearly members of both parties contributed to this, I'll admit this, and Clinton being a big part. And I think Obama is to centrist to solve this problem (I believe nationalization of the banks is required, and itself likely not... [more]

http://www.bloomberg.com/apps/news?pid=20601087&sid=ay0FPxGdth_k&refer=home Yeah, I know, metalhead type post. I blame him for bringing out the worst in me! ;) Clearly members of both parties contributed to this, I'll admit this, and Clinton being a big part. And I think Obama is to centrist to solve this problem (I believe nationalization of the banks is required, and itself likely not enough either). "Regulators are in part to blame because they “abrogated” their responsibilities, Soros, 78, said. The philosophy of “market-fundamentalism” was now under question as financial markets have proved to be inefficient and affected by biases rather than driven by all the available information, he said." This quote really gets me laughing. Why anyone would be naive enough to think "markets" (which are essentially grouped herds of irrational human beings) would be "efficient" or "unbiased" or "information based" is beyond me. Economics should be a branch of psychology, not mathematics. [less]